Marubeni Corp., Marubeni Plax Corp. and Chubu Nihon Plastics Co., Ltd have signed a partnership agreement to jointly undertake a plastic recycling business and also work together on the ECONET PROJECT that Chubu Nihon promotes in order to establish a circular economy.
The agreement was signed on July 26, 2019.
“The problem of plastic waste is becoming a global issue. The purpose of making this agreement is to provide solutions for this issue, which is becoming increasingly serious in Japan. Marubeni and its partners will jointly promote a plastic recycling business and expand the conventional 3R activities2 of the ECONET PROJECT that Chubu Nihon has been promoting to “4R”. The additional “R” stands for “Return to the Earth”.
Through the ECONET PROJECT, Chubu Nihon collects defective products, called “loss products” or “scrap”, which occur in plastic products production, and return them to raw materials. Additionally, Chubu Nihon conducts eco-consulting to establish a circular economy by handling compostable products and biodegradable materials.
Marubeni and Marubeni Plax will use their sales and procurement ability, know-how and experience in sales promotion proposals and their broad network as a sogo shosha to try to establish a circular economy in the plastic industry. With the cooperation of Chubu Nihon, a company with vast experience in plastic recycling, they will also provide solutions for the plastic waste problem.
About Marubeni: Marubeni Corp. and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including food, consumer products, chemical & forest products, energy & metals, power & plants projects, and transportation & industrial machinery. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.
Source: Marubeni Corp
